Tesla stock currently holds at the 200-day simple moving average (SMA) located at 254, which is also the 38.2% Fibonacci retracement of the down leg from 379.21 to 176.65. Sellers reversed the price – ahead of the resistance at 266 from July 24 – back down, denying further gains. The short-term oscillators are cautiously skewed towards a price improvement. The MACD, remaining above its red trigger line in the positive zone, has declined closer to it. Moreover, in the bullish [..]
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